DOW Industrials- Only One Way To Go Very Soon!!!
Big Picture On 1 Month Chart:
DOWI has been going up since 2009 (6469.95) to a now high in 2016 (around 18513.71. Remember gravity and what goes up will come down. I believe that with last 8 years of NO interest and USA government 24/7 printing money, national debt (20 trillion), 1.1 GDP (last quarter) and another several negative factors DOWI will go bear sooner then later. Once PA goes below RED trend line and crosses the EMA 20 & EMA 50, things will suddenly change directions in USA economy. Major DOWI support is at around 14000.00, by looking to left of current bull trend. Things are not moving much last month (August) a small DOJI and so far this month. *MY OPINION, but you can't artificially inflate any countries economy, by doing everything without common sense. A lot of countries are in the same BOAT as USA, with their regulations, taxes, zero interest and printing money & higher national debt.
DOWI has been going up since 2009 (6469.95) to a now high in 2016 (around 18513.71. Remember gravity and what goes up will come down. I believe that with last 8 years of NO interest and USA government 24/7 printing money, national debt (20 trillion), 1.1 GDP (last quarter) and another several negative factors DOWI will go bear sooner then later. Once PA goes below RED trend line and crosses the EMA 20 & EMA 50, things will suddenly change directions in USA economy. Major DOWI support is at around 14000.00, by looking to left of current bull trend. Things are not moving much last month (August) a small DOJI and so far this month. *MY OPINION, but you can't artificially inflate any countries economy, by doing everything without common sense. A lot of countries are in the same BOAT as USA, with their regulations, taxes, zero interest and printing money & higher national debt.